- Shopify transitions its U.S. shares to Nasdaq, potentially unlocking inclusion in the Nasdaq-100.
- Analysts project a significant upside, with a one-year price target average of $132.95.
- GuruFocus GF Value suggests a moderate upside of 11.65% from current levels.
Shopify (SHOP, Financial) has strategically relocated its U.S. shares from the New York Stock Exchange to the Nasdaq. This move is likely designed to position Shopify for potential inclusion in the esteemed Nasdaq-100 index. Boasting a market capitalization of $131 billion, Shopify is now among the largest companies on Nasdaq, increasing its prospects of joining this prestigious index within the year.
Wall Street Analysts' Projections
Based on insights from 43 analysts, the average one-year price target for Shopify Inc (SHOP, Financial) stands at $132.95. This estimate reflects a high of $175.00 and a low of $87.64. The average target suggests a substantial upside of 61.72% from the current trading price of $82.21. Investors seeking more detailed forecast data can visit the Shopify Inc (SHOP) Forecast page.
According to the collective recommendation from 48 brokerage firms, Shopify Inc (SHOP, Financial) earns an average brokerage recommendation of 2.2, indicating an "Outperform" status. The rating scale ranges from 1 to 5, where a score of 1 denotes a Strong Buy and 5 indicates a Sell.
GuruFocus estimates place the GF Value for Shopify Inc (SHOP, Financial) at $91.79 within a year. This projection suggests a moderate upside potential of 11.65% from the current price point of $82.21. The GF Value represents GuruFocus' assessment of the stock's fair trading value, calculated using historical trading multiples, previous business growth data, and future performance estimates. For a deeper dive into detailed data, investors are encouraged to explore the Shopify Inc (SHOP) Summary page.
